Michael Kors KORS Daily - COVER SHORTS here on these rising TLs

Last week I put a short out on KORS at the 94 level and think this is a decent place to cover those shorts.

KORS is also presenting tomorrow in front of an analyst meeting and that could provide some support for the stock too.

This is a great profit, especially against a rising stock market.


Tim 11:29AM EST 6/17/2014 89 last

NOTE: I PUT THIS AS "LONG" just to get the green dot under the bar chart. It is really a "COVER SHORT"
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Those trendlines held for awhile until KORS smashed through it to the downside... Now KORS has caught up with the decline in COH (Coach) from the pairs trade.
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